Nippon Telegraph and Telephone Corporation (9432.T) Bundle
Since its founding in 1985, Nippon Telegraph and Telephone-now rebranded as NTT Corporation following its 40th anniversary in July 2025-has grown into a global telecom and IT powerhouse whose businesses span mobile services, cloud computing, data centers, and advanced research in AI and quantum computing; with operating revenues of approximately 13.70 trillion yen as of March 2025 and a workforce of about 340,000, NTT and its subsidiaries (NTT Data, NTT Communications, NTT Docomo) pursue a clear mission to contribute to society by resolving social issues through partnerships with people, organizations and local communities, a vision to be "Your Value Partner" chosen repeatedly by clients, and core values-Act with Integrity, Build Trust, Create Connections-that shape its customer-centric, ethically grounded strategy to deliver meaningful technological solutions aligned with global goals
Nippon Telegraph and Telephone Corporation (9432.T) - Intro
NTT Corporation (formerly Nippon Telegraph and Telephone Corporation) is a Tokyo-headquartered global leader in telecommunications and IT services, with operations spanning mobile, cloud, data centers, and advanced research fields such as AI and quantum computing. Established in 1985, the company has evolved into a diversified technology conglomerate with an expansive global footprint.- Operating revenues (FY ended March 2025): approximately ¥13.70 trillion.
- Total employees (approx.): 340,000 worldwide.
- Major subsidiaries: NTT Data, NTT Communications, NTT Docomo, and specialized research arms.
- Corporate milestone: Rebranded as NTT Corporation in July 2025 marking the 40th anniversary.
- Mission: To connect people, businesses, and societies through trusted, secure, and innovative information and communications technologies that accelerate social and digital transformation.
- Vision: To be the world's trusted innovator in communications and digital infrastructure, enabling sustainable societies and empowering customers through end-to-end technology solutions.
- Core values:
- Customer Centricity - prioritizing client outcomes and long-term partnerships.
- Innovation - sustained investment in R&D, including AI and quantum initiatives.
- Reliability & Security - delivering resilient networks and enterprise-grade security.
- Sustainability - commitment to carbon neutrality targets and environmentally responsible infrastructure.
- Diversity & Inclusion - fostering a global, collaborative workforce across ~340,000 employees.
- Network & Connectivity: Fixed-line, fiber, and mobile services (NTT Docomo as principal mobile arm).
- Enterprise Solutions: Systems integration, managed services, and cloud via NTT Data and NTT Communications.
- Infrastructure: Global data center footprint and subsea/edge infrastructure investments.
- Advanced Research: AI, quantum computing, and next-generation network technologies driving differentiation.
| Metric | Value |
|---|---|
| Operating Revenues | ¥13.70 trillion |
| Employees | ~340,000 |
| Headquarters | Tokyo, Japan |
| Market Cap (approx., mid‑2025) | ¥6-8 trillion range (market fluctuations apply) |
| Principal Subsidiaries | NTT Data, NTT Communications, NTT Docomo, NTT Ltd., R&D entities |
| Anniversary / Rebrand | 40th anniversary; rebranded to NTT Corporation in July 2025 |
- Carbon reduction targets: progressive roadmaps across global operations and data centers (capex allocated for green power and efficiency upgrades).
- Community & digital inclusion: programs to expand connectivity and skill development in underserved regions.
- Governance: centralized oversight with subsidiary-aligned compliance, risk management, and transparency initiatives.
- Capital allocation emphasizes cloud/data center expansion, fiber and 5G/6G network upgrades, and strategic M&A via NTT Data and other units.
- R&D spend prioritized for AI platforms, quantum research partnerships, and secure communications.
- Globalization strategy: scaling enterprise services internationally while retaining core domestic telecom leadership in Japan.
Nippon Telegraph and Telephone Corporation (9432.T) - Overview
Nippon Telegraph and Telephone Corporation (9432.T) states its mission as contributing to society through its business, resolving social issues by partnering with people, organizations, and local communities. That guiding purpose drives strategy, investment priorities, and operational decisions across NTT's global ICT, network, cloud, and research activities.
- Mission focus: apply technological expertise to enhance quality of life and tackle societal challenges (disaster resilience, digital inclusion, carbon neutrality).
- Collaborative approach: formal partnerships with governments, local municipalities, academia, and industry to scale solutions.
- Alignment with global frameworks: activities mapped to key United Nations Sustainable Development Goals (SDGs), notably SDG 9 (industry, innovation and infrastructure), SDG 11 (sustainable cities), and SDG 13 (climate action).
NTT's mission has been embedded in long-term plans and capital allocation. Examples of mission-driven spending and outcomes include investments in resilient fiber and 5G infrastructure, digital platforms for public services, and research into energy-efficient datacenters and quantum/photonic technologies.
| Metric (FY / Most Recent Report) | Value | Notes |
|---|---|---|
| Consolidated Revenue | ≈ ¥11.0 trillion | Group consolidated sales across ICT, global data centers, and mobile-related revenues. |
| Operating Income | ≈ ¥1.0 trillion | Operating profitability reflecting network services and systems integration margins. |
| Net Income (attributable) | ≈ ¥600 billion | Net earnings after taxes and non-controlling interests. |
| Employees (Group) | ~280,000 | Includes domestic and international subsidiaries and affiliated companies. |
| CapEx (annual) | ≈ ¥1.5 trillion | Network expansion, cloud/datacenter builds, and 5G rollouts. |
| R&D Spend (annual) | ≈ ¥200-250 billion | Research in photonics, quantum, AI, and energy-efficiency technologies. |
NTT's corporate vision expands the mission into a forward-looking statement that emphasizes "Smart World" outcomes: secure, sustainable, and inclusive societies supported by ubiquitous connectivity and trusted digital platforms. This vision guides initiatives such as green datacenters, edge compute for smart cities, and platform services for healthcare and education.
- Strategic priorities derived from mission and vision:
- Decarbonization: target reductions in Scope 1-3 emissions and large investments in energy-efficient infrastructure.
- Digital inclusion: expanding fiber and mobile reach to underserved regions within Japan and select international markets.
- Resilience & security: building redundant networks and advanced cybersecurity capabilities for critical social infrastructure.
- Partnerships & ecosystem: joint ventures with industrial partners, public-private programs with municipalities, and research consortia with universities.
Core values and behaviors embedded across NTT are operationalized to ensure the mission influences decision-making:
- Customer-centricity: prioritize reliability, privacy, and service continuity for households, enterprises, and public sector clients.
- Trust & integrity: governance, compliance, and transparent reporting aligned with shareholder and stakeholder expectations.
- Innovation & long-term thinking: sustained R&D and patience for multi-year societal returns on technology investments.
- Community engagement: local hiring, disaster-response capabilities, and community digital literacy programs.
Examples of mission-led metrics and commitments tracked publicly include network uptime targets, percentage of renewable energy used in datacenters, SDG contribution mapping, and target timelines for emissions reductions. Investors and stakeholders can review related operational and financial disclosures as well as strategy details here: Exploring Nippon Telegraph and Telephone Corporation Investor Profile: Who's Buying and Why?
Nippon Telegraph and Telephone Corporation (9432.T) - Mission Statement
NTT's mission centers on delivering sustainable social value through communications and ICT solutions, grounded in a vision to be 'Your Value Partner' - the partner customers choose repeatedly. This mission drives long-term relationships, collaborative solutions, and a customer-centric approach that aligns technological capability with societal needs.- Customer-centricity: design and deliver services that solve client challenges and drive repeat partnerships.
- Trust & reliability: maintain mission-critical network availability and operational excellence for enterprises and governments.
- Innovation-led value: invest in R&D and next-generation infrastructure (cloud, edge, AI, security) to create measurable client impact.
- Societal contribution: enable digital transformation that supports decarbonization, disaster resilience, and inclusive access.
- Long-term, trust-based customer relationships rather than transactional engagements.
- Delivering meaningful, measurable value - not just connectivity but outcomes for clients.
- A collaborative partnership model where NTT co-creates solutions with customers and ecosystem partners.
- Customer satisfaction and success as central KPIs in strategic planning and service delivery.
| Metric | Latest FY (approx.) |
|---|---|
| Consolidated revenue | ¥12.0 trillion |
| Operating income | ¥1.0 trillion |
| Net income (attributable to owners) | ¥620 billion |
| Total assets | ¥24.5 trillion |
| R&D and CAPEX (annual investment) | CAPEX ~¥1.4 trillion; R&D ~¥180 billion |
| Employees (group) | ~300,000 |
| Global data centers / presence | Over 140 countries / hundreds of facilities |
- Service performance: network availability SLAs and enterprise managed services targeting 99.99%+ uptime for key offerings.
- Customer retention: multi-year contracts and managed services increasing recurring revenue share (recurring revenue >60% of consolidated sales in recent years).
- Strategic M&A and partnerships: acquisitions and minority investments to expand cloud, security, and global managed services footprint.
- Sustainability targets: NTT Group aims for carbon neutrality across its full value chain by 2040-2050 horizons, with interim emissions-reduction commitments and renewable energy procurement.
- Integrity - compliance, data protection, and transparent governance in a regulated industry.
- Customer First - aligning metrics, incentives, and product roadmaps to customer outcomes.
- Collaboration - cross-group collaboration across NTT East/West, NTT Ltd., NTT DATA and other group companies to provide end-to-end solutions.
- Innovation - continuous investment in optical, 5G/6G research, AI, quantum-safe cryptography and cloud-native platforms.
- Social Responsibility - disaster response capabilities, local community initiatives, and digital inclusion programs.
| Indicator | Target / Trend |
|---|---|
| Recurring revenue ratio | Maintain or grow >60% of consolidated sales |
| EBIT margin | Drive operational efficiency to sustain ~8-10% consolidated operating margin |
| CAPEX intensity | CAPEX focused on fiber expansion, data centers, and cloud: ~¥1.2-1.6 trillion annually |
| Customer NPS / satisfaction | Improve across B2B and consumer segments via managed services and partner programs |
| GHG reduction | Progressive year-on-year emission reductions en route to net-zero commitments |
- Large enterprise cloud migrations to NTT-managed multi-cloud and private cloud platforms, yielding reduced TCO and faster time-to-market.
- Telecom infrastructure projects with municipal and national governments improving resilience and digital public services.
- Security operations and managed detection services that reduce incident dwell time and aggregate ROI for customers.
Nippon Telegraph and Telephone Corporation (9432.T) - Vision Statement
Nippon Telegraph and Telephone Corporation (9432.T) positions its vision around enabling a connected society that enhances human life, business resilience, and societal sustainability through advanced information and communications technology. This vision is operationalized through a corporate mission to deliver secure, reliable, and innovative ICT services while accelerating decarbonization, digital transformation, and global expansion.- Mission focus: Deliver digital infrastructure and services that underpin society's safety, convenience, and growth.
- Strategic pillars: Network modernization (5G, optical fibre), enterprise digital solutions, cloud & edge computing, and sustainability (carbon neutrality targets).
- Stakeholder orientation: Customers, shareholders, employees, communities, and global partners.
- Act with Integrity - Ethical conduct, transparency, and compliance in all dealings.
- Build Trust - Reliability, continuity of service, and accountability toward customers and partners.
- Create Connections - Fostering human, technological, and ecological linkages to build an inclusive, networked world.
| Metric | Value |
|---|---|
| Fiscal year (most recent) | FY2023 / FY2024 reporting cycle |
| Consolidated revenue | Approx. ¥11.5-12.0 trillion |
| Operating income | Approx. ¥1.1-1.3 trillion |
| Net income (attributable to owners) | Approx. ¥600-750 billion |
| Total assets | Approx. ¥30-34 trillion |
| Capital expenditures (annual) | Approx. ¥1.2-1.6 trillion |
| Employees (consolidated) | Approx. 250,000-320,000 |
| Market capitalization (Tokyo Stock Exchange) | Varies; typically several trillion JPY (check live market) |
- Carbon neutrality goal: Net-zero emissions target by mid-century with interim reduction targets (scope 1-3 focus and energy-efficiency investments).
- Network expansion: Continued roll-out of 5G and fibre-optic infrastructure to increase bandwidth availability and resilience.
- R&D investments: Significant funding into quantum, AI, cybersecurity, and edge-cloud technologies to secure future service leadership.
- Compliance frameworks and internal audit processes to ensure integrity and regulatory alignment.
- Customer SLAs, redundancy engineering, and service continuity planning to build and maintain trust.
- Open innovation and partnerships to create connections across industries and geographies.

Nippon Telegraph and Telephone Corporation (9432.T) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.